Serica Energy plc said the merger offer from smaller rival Kistos plc would “negatively impact” the combined entity’s balance sheet and growth potential. OPPORTUNISTIC In a detailed statement issued today, the company listed reasons why it had rejected the Kistos offer. Serica said it would be “materially undervalued” and that the proposed merger would not […]
Day: 15 November 2024
Angus Energy announces shares issue
Angus Energy plc said that, after receiving exercise notices, it issued 5,803,226 ordinary shares of £0.002 each in the capital of the company. These are at varying exercise prices of 150,000 shares at 0.9 pence per share, 5,250,000 shares at 1 pence per share and 403,226 shares at 1.2 pence per share. The new ordinary […]
Caerus notes portfolio company-shareholder dispute
Caerus Mineral Resources plc said it was monitoring a dispute resolution between its portfolio company New Cyprus Copper P.A. Ltd (NCC)’s investee company and a shareholder. INTERESTS NCC owns a 90% interest in Treasure Development Ltd (TDL) in Cyprus and is also responsible for maintaining and progressing other Cypriot projects. Australian-listed BMG Resources Ltd is […]
Neptune awarded gold medal status by EcoVadis
Neptune Energy said it has been awarded gold medal status from environment, social and governance (ESG) ratings organisation, EcoVadis. RANKING The oil and gas exploration and development company added it had been placed in the top 5% of all 95,000 global companies assessed by the organisation. Areas assessed include companies’ policies, environment, labour and human […]
Horizonte awards major process plant contracts
Horizonte Minerals plc has awarded all major and long-lead-time process plant equipment contracts for the Araguaia nickel project in Brazil. CONTRACTS The company said it had secured equipment supply and technical support services for the balance of the Araguaia process flow sheet from leading global suppliers. Horizonte will work with FLSmidth A/S, Metso Outotec Oyj, […]